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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DFCC BANK PLC (DFCC.N0000)

DFCC BANK PLC (DFCC.N0000)

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21DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 7:40 pm

widanage


Senior Equity Analytic
Senior Equity Analytic
@stock-student wrote:pls add your valuble thoughts regarding DFCC.
I have 5000 shares at 190 average & now it's around 157.
this has been decline after there bonus issue .

pls advise will this be furthre going down or worth to holding another few months Question


This year DFCC has declared a dividend of Rs. 10/-. There has been a shrinkage of their loan book last year but the bottom line was not affected due to hefty capital gain by COM Bank stake. Still they are sitting on a pile of cash which will be used in the days to come for the betterment of the Bank.

In the discussion "Prince" suggested a merger, however, it is very unlikely that DFCC and DFCC Vardhana Bank (DVB) merged together in next three to five years (or forever). CBSL approved the acquisition of 100% stake in DVB and DFCC already owns 98%+ of DVB. Apart form that DFCC in the only surviving development financing institution in the country and that will act as the showpiece for government/CBSL to attract low cost credit from multilateral agencies/banks such as ADB/EIB/JBIC/IBRD/FMO/KFW etc...So the merger is highly unlikely in medium term.

Now the share is trading at 52 week low, in case you have some more money to invest it is always better to buy some and bring the average down.

Facts to consider...
1. The expansion in the economy, this is common to all banks but DFCC has its specialization in project finance.
2. Exclusive availability of low cost funds. (You may have seen the recent newspaper add on EIB credit line)
3. Growth of DVB (In early 2000s it was the failed Merc Bank from Mr Moragoda. Now it is a fast growing bank with over 100 service points) and the synergy of two banks.
4. Growth of Acuity Partners (50% owned by DFCC)
5. Income of the associates (LVL, Namal & Lindel)
6. Strategic investment in COMbank.

These are the facts that I would consider before jumping into the water. Think and decide I am already in the water and my average is at the deep bottom.

22DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 8:02 pm

stock-student


Stock Trader
thank you all for valuble sharing

23DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 8:25 pm

xmart


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@stock-student wrote:pls add your valuble thoughts regarding DFCC. I have 5000 shares at 190 average & now it's around 157. this has been decline after there bonus issue .
pls advise will this be furthre going down or worth to holding another few months Question

then you received 50,000/= Dividend payout, aren't you? if i'm you forget it and do my stuff, then 1~2 year later check the account.

24DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 8:31 pm

RockStock


Manager - Equity Analytics
Manager - Equity Analytics
DFCC vardhana might go for a listing in near future, which will further increase capital inflow of the group

25DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 8:38 pm

widanage


Senior Equity Analytic
Senior Equity Analytic
@RockStock wrote:DFCC vardhana might go for a listing in near future, which will further increase capital inflow of the group

Very Unlikely (Literally No) in medium term.

Based on...
1. There is no necessity to raise further funds to meet capital adequacy ratios by DVB. They are on target.
2. DFCC had pumped money to in the recent past to increase the ratio.
3. CBSL's approval to acquire 100%

26DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Sun Jun 19, 2011 8:58 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
Most of the banking stocks at low... collect for long term

27DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Mon Jun 20, 2011 11:29 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

COMB, SAMP and HNB among some of the best performing stocks today….. New trend seem to be on fundamentally strong stocks.

28DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Mon Jun 20, 2011 3:10 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
@widanage wrote:
@stock-student wrote:pls add your valuble thoughts regarding DFCC.
I have 5000 shares at 190 average & now it's around 157.
this has been decline after there bonus issue .

pls advise will this be furthre going down or worth to holding another few months Question


This year DFCC has declared a dividend of Rs. 10/-. There has been a shrinkage of their loan book last year but the bottom line was not affected due to hefty capital gain by COM Bank stake. Still they are sitting on a pile of cash which will be used in the days to come for the betterment of the Bank.

In the discussion "Prince" suggested a merger, however, it is very unlikely that DFCC and DFCC Vardhana Bank (DVB) merged together in next three to five years (or forever). CBSL approved the acquisition of 100% stake in DVB and DFCC already owns 98%+ of DVB. Apart form that DFCC in the only surviving development financing institution in the country and that will act as the showpiece for government/CBSL to attract low cost credit from multilateral agencies/banks such as ADB/EIB/JBIC/IBRD/FMO/KFW etc...So the merger is highly unlikely in medium term.

Now the share is trading at 52 week low, in case you have some more money to invest it is always better to buy some and bring the average down.

Facts to consider...
1. The expansion in the economy, this is common to all banks but DFCC has its specialization in project finance.
2. Exclusive availability of low cost funds. (You may have seen the recent newspaper add on EIB credit line)
3. Growth of DVB (In early 2000s it was the failed Merc Bank from Mr Moragoda. Now it is a fast growing bank with over 100 service points) and the synergy of two banks.
4. Growth of Acuity Partners (50% owned by DFCC)
5. Income of the associates (LVL, Namal & Lindel)
6. Strategic investment in COMbank.

These are the facts that I would consider before jumping into the water. Think and decide I am already in the water and my average is at the deep bottom.



MPI is up, good for this sector.

29DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Future of the DFCC Wed Aug 06, 2014 10:25 am

novicer


Senior Equity Analytic
Senior Equity Analytic
Hi All,

Im quite new to this forum.

Im expecting an opinion from all the experts here with regard to the future of the DFCC.

What could be the maximum level it can go up before the proposed merger with the NDB take place.

Thanks in advance

30DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 10:34 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert
Dear Novicer... Welcome on Board Very Happy

31DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 11:30 am

SuGi

SuGi
Manager - Equity Analytics
Manager - Equity Analytics
Arrow 

32DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 11:36 am

novicer


Senior Equity Analytic
Senior Equity Analytic
Hay Sugi.... wat u meant by?

33DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 11:38 am

SuGi

SuGi
Manager - Equity Analytics
Manager - Equity Analytics
@novicer wrote:Hay Sugi.... wat u meant by?
Just a Bump  bounce 

34DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 11:44 am

novicer


Senior Equity Analytic
Senior Equity Analytic
So can't any body predict about the future of DFCC

35DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 12:19 pm

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
it should reach around 175

36DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 1:25 pm

novicer


Senior Equity Analytic
Senior Equity Analytic
how long will it take to reach there?

37DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Wed Aug 06, 2014 2:24 pm

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
i cant say exact time. but patience will take you there Smile

38DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 10:16 am

novicer


Senior Equity Analytic
Senior Equity Analytic
Y its moving suddenly?

39DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 10:18 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
today it reached 52week high price of 171, i think within another 2 weeks this will go to 175. Smile

Note: i have a small amount of this share with me

40DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 10:22 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
@novicer wrote:Y its moving suddenly?

Good stock, having its own small rally on a good day Smile

41DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 10:30 am

novicer


Senior Equity Analytic
Senior Equity Analytic
will it come down again. If so to wat price?

42DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 10:40 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
@novicer wrote:will it come down again. If so to wat price?

I just gave a call to DFCC stock. it says he has no clue Smile

43DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 07, 2014 8:27 pm

novicer


Senior Equity Analytic
Senior Equity Analytic
Can v expect this uptrend few more days or will this start to come down?

44DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Fri Aug 08, 2014 8:13 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
yesterday up trend was may be due to this news "DEBENTURE ISSUE (OVERSUBSCRIBED)", but i believe this is good stock. with the current trend it should move up. quarterly reports may also effect the up trend.

45DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Fri Aug 08, 2014 10:28 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
@novicer wrote:Can v expect this uptrend few more days or will this start to come down?

here we go!.. how much profit did you make? Smile jk jk

46DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Fri Aug 08, 2014 11:27 am

novicer


Senior Equity Analytic
Senior Equity Analytic
@nickjava wrote:
@novicer wrote:Can v expect this uptrend few more days or will this start to come down?

here we go!.. how much profit did you make? Smile jk jk

Mmmmm.... nice to see these fundamentally good shares are moving in the market.

How long will this continue...

47DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Fri Aug 08, 2014 11:37 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
i feel this would hover around 175 due to selling at this level to take profit. would create its base on 175 and move on to 180. when ASI move beyond 7000, i am sure this would be 180

48DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Aug 14, 2014 2:22 pm

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
well its doing better than i expected. now its 185.

49DFCC BANK PLC (DFCC.N0000) - Page 2 Empty DFCC BANK PLC (DFCC.N0000) Thu Oct 02, 2014 8:51 am

novicer


Senior Equity Analytic
Senior Equity Analytic
DFCC is moving up.

Any news?

50DFCC BANK PLC (DFCC.N0000) - Page 2 Empty Re: DFCC BANK PLC (DFCC.N0000) Thu Oct 02, 2014 8:58 am

nickjava


Manager - Equity Analytics
Manager - Equity Analytics
good fundamental share. in these conditions i don't think you need any news to move up. for me this is still under value.

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